Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Sunday 24 November 2024 6:18 pm  |  Updated:  Monday 25 November 2024 11:16 am

Affordable housebuilding in London down 88 per cent in dent to Khan’s rep

By: Amber Murray

Retail Reporter

Add as a preferred source on Google
sadiq khan has previously promised to boost the supply of affordable housing in London
sadiq khan has previously promised to boost the supply of affordable housing in London

The number of affordable homes built in London between April 2023 and March this year fell by 88 per cent, despite continued promises from Mayor Sadiq Khan to boost the supply of housing in the capital.

Just over 3,100 affordable housing builds began work across Greater London between April 2023 and March of this year, down from 26,386 starts in the previous 12 months, according to the Office for National Statistics (ONS).

In Harrow, Bexley and Richmond-upon-Thames only one affordable property was started during the year.

The mayor’s 2021-26 housebuilding programme had aimed to build 35,000 new affordable homes using the government’s £4.82bn grant, but 2023’s figures account for less than ten per cent of the promised five-year total.

Ex-housing minister Lee Rowley has previously hit out at Khan’s record on LBC Radio, saying that he needed to do more to build homes in the capital.

For his part, Khan has accused “Tory town halls” of blocking new homes from being built in London, and pledged to crackdown on housebuilding ahead of his last re-election. He has also blamed the slow building rate on low investment due to “thirteen years of failure on housing by the Tory government”.

The Mayor said earlier this year: “The Conservatives nationally have scrapped housing targets and failed on their affordable homes plans. Meanwhile, Tory town halls in the capital simply aren’t keeping pace in delivering the new homes we need, ripping away the ladder from young Londoners.

“I’ll not hesitate to act to boost the number of new homes for London families, especially the council homes that our city needs most of all.

The Government has said low investment will be mitigated by its pledge of more than £5bn to combat the housing crisis in its inaugural Budget, in addition to a range of measures to support its target of five million homes over this Parliament, including skills training, reforms to the planning system and additional assistance for affordable housing.

The government will also add £500m to the Affordable Homes Programme to “kickstart the biggest increase to social and affordable housebuilding in a generation”, Reeves said, putting the country “on the path” to building 1.5m homes over this Parliament.

Read more

Peckham could do with some Del Boy graft

Scene from Only Fools and Horses TV show, featuring main characters in a humorous setting, credit to BBC

BusinessLDN policy director Jonathan Seager has also pointed to the need to unblock the section 106 process – which requires developers to make wide-ranging contributions to the communities they build in – as many housing associations do not currently have the financial capacity to purchase these homes.  

Labour’s is expected to announce details of its planning reform next year.

A Ministry for Housing, Communities and Local Government spokesperson said: “These statistics emphasise the scale of the housing crisis we have inherited. We will fix this by delivering the biggest increase in social and affordable housing in a generation.

“We will also make changes to the planning system, restore mandatory housing targets for councils, and we have boosted the Affordable Homes Programme by £500 million.

“Everywhere must play its part to bring the housing crisis to an end and we will work in close partnership with the Mayor to radically boost housebuilding in the capital and build the homes that London needs.”

A spokesperson for the Mayor of London said: “The disastrous inheritance from the previous Government has left national housebuilding on its knees, with developers previously predicting housebuilding could fall to the lowest level since the Second World War. While the impact of this legacy is being felt acutely in London it is apparent across the country, with the Office for Budget Responsibility projecting housing completions will fall this year and next.

“Despite this, thousands of affordable homes are still being built across London, with the Mayor’s  success on affordable housing meaning the capital is well placed to carry on building homes, even during this incredibly tough period. 

“The Mayor has started more new council homes than any time since the 1970s, and he will continue to work hand-in-hand with the new Government to turn the tide on the last 14 years of underinvestment in housebuilding, helping to create a better, fairer London for everyone.” 

Read more

Berkeley warns of London housing slowdown in call for ‘political leadership’ from Burnham

Berkeley city skyline at sunset with iconic university buildings and scenic views, highlighting the vibrant urban landscape

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

People & Organisations

  • affordable homes
  • Housing
  • Office for National Statistics
  • Sadiq Khan

Trending Articles

  • Top Burnham adviser calls for capital gains and inheritance tax hikes

  • Housebuilding giants hit with £4.5bn lawsuit for allegedly overcharging buyers

  • A meeting with the breakfast king of Mayfair

  • As it happened: Stocks jump on defence and metals boost; Oil on track to shed a fifth on US-Iran peace hopes

  • BT tops FTSE 100 after finding new home for international business with Verizon joint venture

More from City PM

  • Peckham could do with some Del Boy graft

    Business
    Scene from Only Fools and Horses TV show, featuring main characters in a humorous setting, credit to BBC
  • Berkeley warns of London housing slowdown in call for ‘political leadership’ from Burnham

    Property
    Berkeley city skyline at sunset with iconic university buildings and scenic views, highlighting the vibrant urban landscape
  • ‘Downright offensive’: Southwark council slammed for blocking 900 homes

    Property
    Berkeley campus skyline with iconic Sather Tower under clear blue sky, featuring lush greenery and historic architecture
  • Is housebuilding in London impossible?

    Property
    Aylesham Centre exterior view with shoppers and storefronts in bustling urban setting
  • Councils turn to AI to boost housebuilding

    Property
    The Planning and Infrastructure Bill was introduced to Parliament earlier this week.
  • London councils won’t be able to sue their way to more homes being built

    Politics
    London Mayor Sadiq Khan
  • ‘Great shame’: Berkeley challenges blocked Peckham development

    Property
    Aylesham Centre exterior view showcasing bustling shopping activity in the heart of the local community
  • Rejecting affordable homes means Peckham will get no homes

    Opinion
    Aylesham town center bustling with shoppers and vibrant storefronts on a sunny day, highlighting community engagement

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy